equity weekly report 6 feb to 10 feb 2017

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COMMODITY WEEKLY REPORT 9 TO 13 JAN. 2017 EQUITY WEEKLY REPORT 6 FEB. TO 10 FEB. 2017

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INDIAN MARKET WEEKLY OUTLOOK

INDIAN INDICES WEEKLY

INDICES CLOSE CHANGE (%)

NIFTY 50 8740.95 1.15

SENSEX 30 28240.52 1.28

NIFTY 500 6650.10 -10.8

NIFTY BANK 20196.80 2.48

NIFTY IT 10025.80 -1.53

NIFTY MIDCAP 16.035.20 2.52

NIFTY NEXT 50 23943.15 1.8

INDIAN SECTORIAL INDICES WEEKLY


NIFTY PHARMA 10555 1.81

NIFTY AUTO 9975.10 -0.39

NIFTY METAL 3128.70 0.61

NIFTY FMCG 22645.15 3.88

NIFTY INFRA 2930.20 2.01

NIFTY WEEKLY TOP GAINERS

SCRIPT CLOSE CHANGE (%)

IDEA CELLULAR 109.45 40.32

BANK OF BARODA 186.45 11.18

BHARTI AIRTEL 353.80 9.28

ITC 273.05 6.08

DR. REDDYS LAB 3144.55 5.01

GLOBAL INDICES WEEKLY


NASDAQ 5666.77 0.10

CAC 40 4825.42 -0.30

DAX 11651.49 -1.38

FTSE 100 7188.30 0.05

NIKKEI 18918.20 -2.82

HANG SENG 23129.21 -0.99

SHANGHAI COM. 3140.65 -0.58

INDIAN CURRENCY WEEKLY

CURRENCY CLOSE CHANGE (%)

USD-INR 67.32 1.04

EUR-INR 72.61 0.79

GBP-INR 84.21 0.477

JPY-INR 59.69 0.91

USD INDEX 100.56 -0.86

NIFTY WEEKLY TOP LOSERS

SCRIPT CLOSE CHANGE (%)

BHARTI IFRATEL 299.85 -15.27

TCS 2232.55 -5.31

AURO PHARMA 684.70 -4.05

TATA MOTORS 522.60 -3.57

NTPC 171.95 -3.13


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FUNDAMENTAL VIEW:-

Equity benchmarks ended range bound session on a flat note Friday but retained weekly gain. In-

vestors awaited RBI policy and corporate earnings due next week, after digesting Union Budget.

They also maintained caution ahead of assembly elections in five states, starting with Punjab on

Saturday.

TECHNICAL VIEW:-

NIFTY 50 ended the week on a strong positive note rising above 8720 level to close at

8,739.85 .The index made a weekly high of 8920 and a low of 8650 . Nifty is moving in strong up-

trend, taking support at trend line . Immediate resistance for Nifty 50 lies around 8880 level and

strong resistance lies around 8680 level.

Broad range for Nifty 50 in the week can be seen between levels of 8500 and 9000.

WEEKLY SUPPORT & RESISTANCE:-

NIFTY WEEKLY OUTLOOK

NIFTY WEEKLY

CLOSE 8,740.95

OPEN 8735.15

HIGH 8748.25

LOW 8707.75

CHANGE 99.7

% CHANGE 1.15

SYMBOL S1 S2 S3 PIVOT

POINT

R1 R2 R3

NIFTY 8694.2 8654.1 8622.4 8725.9 8760 8797.7 8837.8


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FUNDAMENTAL VIEW:-

The federal Budget allotted just 100 billion rupees for the recapitalization of public-sector banks,

potentially pushing more to tap the capital markets for regulatory capital as their asset qualities

are expected to deteriorate after last November's demonetisation.

TECHNICAL VIEW:-

NIFTY BANK ended the week on strong positive note up 126.50 points to close at 20196.80.

Bank nifty is moving in upside with good volume and positive sign on RSI. The index made a

high of 20229.65and low of 20009.95 in the week. Immediate support for Nifty Bank lies around

19800 level while strong support lies around 19300 level. Immediate resistance for Nifty Bank lies

around 20230 level while strong resistance lies around 20700 levels.

Broad range for Nifty Bank in the week can be seen between levels of 19600 and 20700.

WEEKLY SUPPORT & RESISTANCE:-

NIFTYBANK WEEKLY OUTLOOK

SYMBOL S1 S2 S3 PIVOT

POINT

R1 R2 R3

NIFTYBANK 19678.3 19159.8 18884.1 19954 21266.7 20748.2 20472.5

NIFTYBANKWEEKLY

CLOSE 20196.8

OPEN 20061.90

HIGH 20229.65

LOW 20009.95

CHANGE 126.50

% CHANGE 0.63


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OUR WEEKLY RECOMMENDATIONS (FUTURES)

JUBL FOOD (23-Feb-2017):-

JUBILANT FOOD has given a technically positive sign with good volumes . The stock is showing upside

trend on RSI and positive crossover on MACD . Support for JUBL FOOD future lies at 1395 level and 989

level while resistance lies at 1991 level.

Buy JUBL FOOD (23-Feb-2017) above 950 keeping first target around 990 and final target around 1050,

maintaining a stop loss below 900.

MC LEOD FUTURE (23-Feb-2017):-

MC LEOD FUTURE (23-Feb-2017) looks week on charts. Technically stock is week on RSI and MACD.

Fundamentally this stock is week as the result of the last quarter is disappointing. Support for the stock lies

at level of 168.90 . Resistance for the stock lies at 157.50 levels.

Sell MC LEOD FUTURE (23-Feb-2017) below 163 keeping first target around 157 and second target

around 149 level, maintaining a stop loss above 169.

SYMBOL MCLEOD

SEGMENT FUTURE

SELL 163

TG1 157

TG2 149

SL 169

SYMBOL JUBL

FOOD

SEGMENT FUTURE

ENTRY 950

TG1 1990

TG2 1050

SL 900


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OUR WEEKLY RECOMMENDATIONS (CASH)

ICICI BANK :-

ICICI BANK looks strong technically with good volumes . The stock has potential for a fresh rally making

new highs. Support for stock lies at 275 level while resistance lies at 298 level.

Buy ICICI BANK above 287.50 keeping first target around 298 and final target around 315, maintaining a

stop loss below 275.

CANARA BANK LIMITED:-

CANARA BANK has a given a strong positive breakout and rising with strong volume growth. MACD has

given a positive breakout and RSI also looks strong. Support for the stock lies at level of 295 and resistance

around 325 level. The stock can move upside up to 350 level.

Buy Canara Bank Limited above 312 keeping first target around 323 and final target around 345, maintain-

ing a stop loss below 295.

SYMBOL CANARA

BANK

SEGMENT CASH

BUY 312

TG1 323

TG2 345

SL 295

SYMBOL ICICI

BANK

SEGMENT CASH

BUY 287.50

TG1 298

TG2 315

SL 275


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STATUS OF OUR LAST WEEKLY RECOMMENDATIONS

SYMBOL MARUTI SUZUKI

SEGMENT CASH

BUY 5980

TG1 6200

TG2 6500

SL 5700

ACHIEVED TG1 and High is

6217

SYMBOL TIMKEN INDIA

SEGMENT CASH

BUY 670

TG1 710

TG2 760

SL 645

ACHIEVED SL

SYMBOL INDIA BULLS REAL ESTATE

SEGMENT Future

SELL 78.30

TG1 76.50

TG2 74

SL 79.50

ACHIEVED TG1 and LOW is

74.95

SYMBOL ACC

SEGMENT Future

BUY 1420

TG1 1455

TG2 1500

SL 1360

ACHIEVED TG1 and High is

1473


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STOCKS IN NEWS

LUPIN LIMITED :-

Lupin Limited, a major pharmaceutical company announced today that it has received final approval from Unites States Food and Drug Administration (FDA). The approval is for the marketing of its Triamcinolone Acetonide Cream USP, 0.025%, 0.1% and 0.5%. The cream is a generic equivalent Mylan Pharmaceuticals Inc.’s Triamcinolone Acetonide Cream, 0.025% and 0.1%. MAYUR UNIQUOTERS LTD :-

Mayur Uniquoters Ltd has informed bourses that the Board of Directors, at its meeting held on February 3, 2017 has declared Third interim dividend @ 5% ., Rs0.25/- per equity share of Rs.5/- each for the financial year 2016-17. Over one year the stock has generated negative 18% returns whereas the BSE Small cap index is up by 23%.

MTNL :-

MTNL, a PSU telecom company is borrowing money to meet its everyday requirements and has been hit hard by debts, as per Union Minister, Manoj Sinha. At the end of December 2016, the total debt on MTNL stands at Rs 19,418.23 crore, from Rs 11,542.3 crore in 2012-13, according to the data given by the Minister. Due to non-investment in access network of fixed lines, the services quality has been negatively affected. MTNL, in 2015-16 reported total revenue of Rs 3,197.41 crore and a net loss of Rs 2,005.72 crore.

TORRENT PHARMACEUTICALS LIMITED :-

Torrent Pharmaceuticals Limited has declared an interim dividend of Rs 10 per share to its equity share-holders.Torrent Pharmaceuticals Limited has also declared its Q3FY17 results wherein the net profits stand at Rs 229 cr. Its total income stands at Rs 1443 cr.

KANORIA CHEMICALS & INDUSTRIES LTD :- Kanoria Chemicals & Industries Ltd has informed BSE that Credit Analysis & Research Ltd. has revised the credit rating for the long term bank facilities of the Company to CARE A+ (Single A Plus) from the existing rating of CARE AA- (Double A Minus). A copy of the Press Release issued by CARE in this regard is at-tached herewith. The existing credit ratings for the short term bank facilities and Commercial Paper have been reaffirmed as CARE A1+ (A One Plus).

PARAG MILK FOODS :-

Parag Milk Foods, a dairy company announced that the company has launched a new product ‘Absolute Whey Protein’ with the brand name ‘Avataar’. The product was launched on February 1, 2017 by the compa-ny.The new product launched is a domestic product and will be only available in India. Avataar, which comes with a chocolate flavor will be available in two sizes: 2.27kg (5Lbs) and 0.908kg (2Lbs). The product launched by the company happens to be 100% vegetarian.

SUN TV NETWORK LTD :-

Sun TV, which is owned by Kalanidhi Maran has zoomed over 20% early in trade. The stock of the compa-ny is trading on its new 52-week high of Rs 669.40 and has witnessed a spurt in its volume by more than 2.90 times. The stock has spiked as the CBI special court has discharged all the accused in the Aircel-Maxis case, including the owner of Sun TV, Kalanidhi Maran.

SUN TV NETWORK LTD :-

Redington (India), today announced that the board of directors of the company has declared interim dividend of Rs 2 per fully paid-up equity share, i.e. 100% of the face value. The declaration was on the occasion of completion of 10 years of listing on the National Stock Exchange (NSE), as it was listed in February 2007.


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NIFTY STOCKS WEEKLY PIVOT TABLE

SYMBOL WEEK

CLOSE

SUPPORT ZONE PIVOT

POINT

RESISTANCE ZONE

SUP.3 SUP.2 SUP.1 RES.1 RES.2 RES.3

NIFTY 50 8734.3 8622.4 8654.1 8694.2 8725.9 8766 8797.7 8837.8

ACC 1429 1364.5 1393.8 1411.4 1440.7 1458.3 1487.6 1505.2

ADANIPORTS 302.7 292.3 296.8 299.7 304.2 307.1 311.6 314.5

AMBUJACEM 231.3 224.2 227.4 229.3 232.5 234.4 237.6 239.5

ASIANPAINT 989 969.3 975.6 982.3 988.7 995.4 1001.7 1008.4

AUROPHARMA 689 630.7 643.6 666.3 679.3 702 714.9 737.6

AXISBANK 483 462.9 468.1 475.6 480.8 488.2 493.4 500.9

BAJAJ-AUTO 2805 2726.6 2763.9 2784.4 2821.7 2842.2 2879.5 2900

BANKBARODA 176.8 163.8 167.2 172 175.4 180.2 183.6 188.4

BHARTIARTL 353.4 329.6 336.9 345.2 352.5 360.7 368 376.3

BHEL 139.2 134.3 136 137.6 139.3 140.9 142.6 144.2

BOSCHLTD 22755 21786.7 22218.3 22486.7 22918.3 23186.7 23618.3 23886.7

BPCL 698 672 683.2 690.6 701.8 709.2 720.4 727.8

CIPLA 584.7 552.2 559.6 572.2 579.6 592.1 599.5 612.1

COALINDIA 320.6 297.9 303.3 312 317.4 326 331.4 340.1

DRREDDY 3097.2 2848.9 2915.5 3006.3 3072.9 3163.8 3230.4 3321.2

EICHERMOT 23650 22541.7 23083.3 23366.7 23908.3 24191.7 24733.3 25016.7

GAIL 476.2 464.9 470.2 473.2 478.5 481.4 486.7 489.7

GRASIM 951 914.6 923.6 937.3 946.4 960.1 969.1 982.8

HCLTECH 822.5 786.5 798.3 810.4 822.3 834.4 846.2 858.3

HDFC 1404 1364.2 1374.9 1389.5 1400.2 1414.8 1425.5 1440.1

HDFCBANK 1299.9 1280 1286.3 1293.1 1299.4 1306.2 1312.5 1319.3

HEROMOTOCOP 3227 3146.3 3185.7 3206.3 3245.7 3266.3 3305.7 3326.3

HINDALCO 843 819.9 830.9 836.9 847.9 853.9 864.9 870.9

HINDUNILVR 283.6 273.3 276.9 280.2 283.9 287.2 290.8 294.1

ICICIBANK 109.7 95.2 100.2 104.9 109.9 114.6 119.6 124.3

IDEA 1275.8 1229.7 1250.9 1263.4 1284.6 1297.1 1318.3 1330.8

INDUSINDBK 292.5 278 282.3 287.4 291.7 296.8 301.1 306.2

INFRATEL 934.7 880 895 914.9 929.9 949.8 964.8 984.7

INFY 273.6 258.4 263.9 268.8 274.3 279.2 284.7 289.6

ITC 765.9 744.1 754.3 760.1 770.3 776.1 786.3 792.1

KOTAKBANK 1473.8 1441 1455.7 1464.7 1479.4 1488.4 1503.1 1512.1

LT 1477.1 1411.5 1430.8 1453.9 1473.2 1496.3 1515.6 1538.7

LUPIN 1266 1211.6 1235.1 1250.6 1274.1 1289.5 1313 1328.5

M&M 6134.9 6015.5 6072.7 6103.8 6161.1 6192.2 6249.4 6280.5

MARUTI 171.8 166.1 168.9 170.4 173.2 174.6 177.4 178.9

NTPC 200.8 195.2 197.8 199.3 201.9 203.4 206 207.5

ONGC 204.2 200.2 201.7 203 204.5 205.7 207.2 208.5

POWERGRID 1045.6 1026.4 1032.3 1038.9 1044.9 1051.5 1057.4 1064

RELIANCE 272.8 263 265.9 269.3 272.2 275.6 278.5 281.9

SBIN 641 601.1 610.5 625.8 635.2 650.5 659.9 675.2

SUNPHARMA 532.5 516.2 521.5 527 532.3 537.8 543.1 548.6

TATAMOTORS 339.2 324.5 329.8 334.5 339.8 344.5 349.8 354.5

TATAMTRDVR 80.7 76.9 78.2 79.4 80.7 82 83.3 84.5

TATAPOWER 477.2 454 460.1 468.7 474.8 483.3 489.4 498

TATASTEEL 2204.5 2099.3 2126.2 2165.3 2192.2 2231.3 2258.2 2297.3

TECHM 464 422.7 431.3 447.7 456.3 472.7 481.3 497.7

ULTRACEMCO 3723.7 3603.1 3658 3690.8 3745.7 3778.5 3833.4 3866.2

WIPRO 456 436.9 441.5 448.8 453.4 460.6 465.2 472.5

YESBANK 1385.6 1336.7 1359.9 1372.7 1395.9 1408.7 1431.9 1444.7

ZEEL 505.1 479.7 486.9 496 503.1 512.2 519.4 528.5


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equity weekly report 6 feb to 10 feb 2017

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